Price for Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka - 2022
Contents:
- Price for Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022
- Price for Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022
- Imports of Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka
- Exports of Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka
Price for Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka (CIF) - 2022
The average import price for cumin seeds, neither crushed nor ground stood at $2,663 per ton in 2022, growing by 24% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2015 an increase of 31%. Over the period under review, average import prices hit record highs at $2,743 per ton in 2017; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ethiopia ($4,330 per ton), while the price for India totaled $2,637 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka (FOB) - 2022
In 2022, the average export price for cumin seeds, neither crushed nor ground amounted to $8,516 per ton, jumping by 110% against the previous year. In general, the export price showed a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 227%. As a result, the export price attained the peak level of $10,448 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($24,728 per ton), while the average price for exports to the United Arab Emirates ($2,533 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+40.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka
In 2022, after three years of growth, there was significant decline in purchases abroad of cumin seeds, neither crushed nor ground, when their volume decreased by -27.2% to 2.9K tons. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, imports reached the peak of 4K tons, and then shrank markedly in the following year.
In value terms, imports of cumin seeds, neither crushed nor ground contracted to $7.8M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $8.7M, and then fell in the following year.
| Import of Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.4 | 5.9 | 8.2 | 7.6 | 5.9% |
| Ethiopia | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| Others | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Total | 6.4 | 6.1 | 8.7 | 7.8 | 6.8% |
Top Suppliers of Cumin Seeds, Neither Crushed Nor Ground to Sri Lanka in 2022:
- India (2898.7 tons)
- Ethiopia (45.0 tons)
Exports of Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka
In 2022, shipments abroad of cumin seeds, neither crushed nor ground decreased by -94.4% to 2.1 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 566%.
In value terms, exports of cumin seeds, neither crushed nor ground fell notably to $18K in 2022. In general, exports, however, continue to indicate a measured expansion. The growth pace was the most rapid in 2020 with an increase of 426% against the previous year.
| Export of Cumin Seeds, Neither Crushed Nor Ground in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 6.0 | 0% |
| Maldives | 2.1 | N/A | 9.5 | 2.8 | 10.1% |
| Italy | 0.4 | 0.6 | 7.0 | 2.8 | 91.3% |
| Singapore | N/A | N/A | 0.5 | 1.6 | 220.0% |
| New Zealand | 0.1 | 0.3 | 0.9 | 1.1 | 122.4% |
| Cyprus | N/A | N/A | N/A | 1.0 | 0% |
| United States | N/A | N/A | N/A | 0.5 | 0% |
| United Arab Emirates | 0.3 | 2.7 | 4.0 | 0.3 | 0.0% |
| Switzerland | N/A | N/A | N/A | 0.3 | 0% |
| Paraguay | 3.5 | N/A | N/A | N/A | 0% |
| United Kingdom | 8.5 | 68.9 | 121 | N/A | 277.3% |
| Oman | 0.5 | 4.8 | 1.0 | N/A | 41.4% |
| Others | 0.5 | 5.7 | 6.9 | 1.4 | 40.9% |
| Total | 15.8 | 83.0 | 150 | 17.7 | 3.9% |
Top Export Markets for Cumin Seeds, Neither Crushed Nor Ground from Sri Lanka in 2022:
- Japan (663.0 kg)
- Maldives (416.0 kg)
- New Zealand (132.0 kg)
- Singapore (120.0 kg)
- United Arab Emirates (120.0 kg)
- United States (120.0 kg)
- Cyprus (116.0 kg)
- Italy (114.0 kg)
- Switzerland (100.0 kg)
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